Category: U.S. Energy News

Devon Announces $8 Billion Stock Repurchase Following Landmark Coterra Merger

Clark Savage1632

Devon Energy Corporation (NYSE: DVN) has launched an aggressive $8 billion share repurchase program just hours after completing its all-stock merger with Coterra Energy, signaling strong confidence in the newly enlarged company’s cash-flow generation and long-term financial strength. The board-approved authorization, which represents nearly 15% of the combined company’s current market capitalization, runs through June […]

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Three Mile Island Nuclear Plant Set to Restart Amid Booming AI Power Demand

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In a landmark move signaling a nuclear renaissance driven by surging artificial intelligence and data center energy needs, Constellation Energy is preparing to restart Three Mile Island Unit 1—now rebranded as the Crane Clean Energy Center—in Pennsylvania. The plant, which has been offline since 2019 for economic reasons, will once again deliver reliable, carbon-free baseload […]

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US Weekly Rig Operator Report

Clark Savage1583

Week Ending May 8, 2026 U.S. Rig Count Edges Higher for Third Straight Week The Baker Hughes U.S. rotary rig count rose by 1 rig to 548 for the week ending May 8, 2026. Here is the Full WellDatabase Weekly Report We recommend getting a Subscription at WellDatabase! This marks the third consecutive weekly increase […]

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Blocking Data Centers Won’t Make Electricity Cheaper

Clark Savage464

ENB Pub Note: This article is from C3 News Mag, and we highly recommend following them and reading.  David Kemp & Prasanna Pydipalli Growing opposition to data centers is beginning to expose divides in both parties. Last week, POLITICO reported that progressive challengers in battleground House primaries in Tennessee, Indiana, Virginia, and Maine are backing a national moratorium on […]

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Virginia’s Carbon Market is a Wealth Transfer the Democrats are Trying to Hide

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As Virginia prepares to rejoin the Regional Greenhouse Gas Initiative (RGGI) this summer under Democratic Gov. Abigail Spanberger, ratepayers are facing yet another round of higher electricity bills. Proponents frame the move as a smart climate policy that will somehow deliver affordability amid surging data-center demand. But the reality, backed by years of data from […]

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Cheniere Sags on Surprise $3.5 Billion Loss

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Houston, May 7, 2026 — Cheniere Energy Inc. (NYSE: LNG), the largest U.S. liquefied natural gas (LNG) exporter, delivered a stark headline miss in its first-quarter 2026 results, swinging to a $3.5 billion net loss (or $16.65 per share) from a $353 million profit a year earlier. The surprise shortfall — which caught all 14 […]

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